工作论文 PAPERS
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Comparative Advantage and Economies of Scale under Uncertainty
We study how regional specialization patterns and welfare are affected by unc...
Xiao Ma, Natalia Ramondo
Working Paper | No. 20251107 |
Keywords: trade, uncertainty, economies of scale, specialization
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Market Contraction and Innovation Divergence: The Impact of the US–China Tra...
This paper examines how the trade war affected the intensity and direction of...
Xiao Ma, Yueyuan Ma, Hanyi Tao, Yiran Zhang
Working Paper | No. 20251106 |
Keywords: trade war, innovation direction, textual analysis
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Trade War and Technology Rivalry
We develop a dynamic quantitative trade model featuring endogenous innovation...
Xiao Ma*, Zi Wang, Xiaodong Zhu
Working Paper | No. 20251105 |
Keywords: trade-driven technology diffusion, innovation, endogenous growth model, trade war, optimal tariffs
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Information Design for Social Learning with Patient Agents
Sequentially coming agents may adopt a new technology. Early adoption can gen...
Chen Lyu, Lu Liao
Working Paper | No. 20251104 |
Keywords: information design, Bayesian persuasion, collective experimentation, long-lived agent, bandit problem
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Greenwashing's Dilemma: Dynamics of ESG Facades on Firm Value
ESG engagement allows firms to achieve sustainable development, but greenwash...
Jiahao Li, You Zhou, Yingjie Lan
Working Paper | No. 20251103 |
Keywords: greenwashing, ESG, firm value, financing constraint, research and development
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Factors or Fake? A New Look at Anomalies and the Replication Crisis
Based on the insight that declaring an anomaly not spanned presumes knowledge...
Siddhartha Chib*, Shuhua Xiao, Lingxiao Zhao
Working Paper | No. 20251102 |
Keywords: Bayesian multiple testing, expected false discovery rate control, model uncertainty, posterior spanning probabilities, spanned anomalies
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Cannibalization, Competition, and New Product Introductions: Evidence from th...
We study how cannibalization concerns shape firms’ product launch decisions....
Yuanfang Chu, Sudipto Dasgupta, Fangyuan Ma
Working Paper | No. 20251101 |
Keywords: cannibalization, product Launch, competition, creative destruction
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Visibly Fair Mechanisms
Priority-based allocation often requires eliminating justified envy, making s...
Inácio Bó, Gian Caspari, Manshu Khanna
Working Paper | No. 20250905 |
Keywords: matching theory, market design, indirect mechanisms
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Housing, Health, and Life Expectancy Inequality in China
We document large inequality in life expectancy at age sixty across cities an...
Yushan Hu, Penglong Zhang, Guozhong Zhu*
Working Paper | No. 20250904 |
Keywords: health production, medical insurance coverage, housing costs, life expectancy inequality
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How Technological Innovation Shapes Financial Innovation: Substitution Effect...
The innovation of new financial products, processes, and services is a key dr...
Mark A. Chen*, Sophia Hu, Joanna Wang, Qinxi Wu
Working Paper | No. 20250903 |
Keywords: technological innovation, financial innovation, substitution effects, knowledge diffusion, patents, inventors, human capital